Mixed-Use Building with
For Sale
Contact for pricing
2441 E BROAD ST, Gadsden, AL 35903
Office and warehouse areas include reception, private offices, and restroom facilities.
Property Size7,820 SF
Price / SF$71.60
Days on Market10
Property Features for 2441 E BROAD ST
General Information
Standard status
Active
Size
7,820 SF
Property subtype
Office, Industrial, Mixed Use
Warehouse & Industrial
Warehouse Space
6,000 SF
Office Build-Out
1,820 SF
Amenities
billboard
Building Details
Buildings
1
Building Size
7,820 SF
Listing Agency:
Impact Realty LLC
Listed By:
Scott Hindsman · License #99415
(256) 504-5634
Source:
Crexi
Added: Sep 2
Changed: Sep 9
Last Checked: Sep 11 at 7:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Impact Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use property combines office improvements with substantial warehouse space. The 7,820-square-foot building includes a 1,820-square-foot front section arranged with a reception area, 4 offices, and 2 restrooms. The remaining 6,000 square feet provides warehouse space with two bay doors for loading and access.
A billboard is located on the property and provides an additional on-site signage feature. The combination of dedicated office space, warehouse capacity, and bay-door access supports a range of commercial operations requiring both administrative and storage or distribution areas.
A billboard is located on the property and provides an additional on-site signage feature. The combination of dedicated office space, warehouse capacity, and bay-door access supports a range of commercial operations requiring both administrative and storage or distribution areas.
Key Highlights
- 7,820‑square‑foot mixed‑use building
- Front office section measures 1,820 square feet
- Office area includes reception, 4 offices, and 2 restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,025
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$860,500
$860.5K
Cap Rate 7%
$614,643
$614.6K
Cap Rate 9%
$478,056
$478.1K
Market Conditions
NOI Build-Up for 7,820 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.4K $6.96/SF
− Vacancy
−$3.8K −$0.49/SF
EGI
$50.6K $6.47/SF
− OpEx
−$7.6K −$0.97/SF
NOI
$43.0K $5.50/SF
Area
Etowah County, AL
Vacancy
7.00%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$860,500
Cap Rate 7%
$614,643
Cap Rate 9%
$478,056
Alternative Uses
Best Use
Mixed Use
$882.3K
$772.0K – $1.03M
NOI $61,758 @ 7.0% cap · market cap 11.03%
Second Best
Warehouse
$614.6K
$537.8K – $717.1K
NOI $43,025 @ 7.0% cap · market cap 7.68%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,502 @ 7.0% cap · market cap 15.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 35903, AL
17,344
Population
8,338
Households
2.1
Avg Household Size
41
Median Age
16%
College-Educated
87%
High-School Grad
68.2 sq mi
ZIP Area
254
Density / Sq Mi
$50,063
Median Household Income
$35,361
Median Earnings
$823
Median Rent
$170,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and warehouse areas include reception, private offices, and restroom facilities.
Where is this mixed-use property located?
The property is located at 2441 E BROAD ST Gadsden, AL.
What is the asking price?
The asking price for this property is $559,900.
What are key features of this property?
This property features: 7,820‑square‑foot mixed‑use building; Front office section measures 1,820 square feet; Office area includes reception, 4 offices, and 2 restrooms
